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What Is GDP?

What is the difference between GDP(per capita), GDP(PPP), and GDP(exchange rate)?

  • Brazil has GDP based on PPP at 1.84 trillion, GDP per capita at $9,700 GDP exchange rate at 1.27 trillion Also, GDP real growth rate at 4.5%.

  • Answer:

    GDP per capita is the countries GDP divided by the number of people in the country. GDP PPP is the GDP based on purchasing power parity, or the belief that any one good or service has the same price in all countries. It is often used to compare the standards of living between countries. GDP exchange rate attempts to equalize the GDP of different currencies in their home countries for a given output in order to compare GDP on an "equal" basis.

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